Microfinance: born in the USA? Part 2, evolution
[Continued from yesterday’s Part 1.]
Yesterday’s post explored the emergence of ’steam-powered microfinance’ from the turn-of-the-century household-finance industry, as chronicled in Funding Universe.
Another turn-of-the-century invention: New York’s Williamsburg bridge
By 1900, HFC had established itself, developed a market niche, introduced its killer-app financial product – a short tenor, small personal loan for almost any purpose – and […]
